While the Philippine economy’s growth missed the lower end of the government’s six to eight percent target, the Department of Budget and Management (DBM) said the growth across major sectors further fuels the agency’s confidence in achieving the full-year growth goal.“The fact that all major...
Malacañang said the recent poverty and food insecurity numbers are concrete signs that President Marcos ' anti-poverty programs are delivering results.File photoCommunications Undersecretary Claire Castro said this after the latest OCTA Research survey showed that the number of Filipino...
Private sector economists have slashed their gross domestic product (GDP) growth forecasts for the Philippines to as low as five percent, citing the drag from shrinking exports and the broader impact of a global trade slowdown.Singapore-based UOB has substantially shaved its full-year growth...
Department of Trade and Industry (DTI) Secretary Cristina Roque said the 5.4 percent economic growth in the first quarter of the year is a testament to the economy’s “robust resilience,” fueled by strong consumer spending and industry contributions.Roque, who heads the government agency...
Robust government spending ahead of the May 12 elections likely sped up economic growth in the first quarter, despite private consumption largely being in wait-and-see mode as Filipinos save up, according to the research arm of global financial giant Deutsche Bank.In a May 3 report received by...
Singapore-based DBS Bank Ltd. expects a "resilient" first-quarter economic growth for the Philippines amid easing domestic inflation, despite global uncertainties wrought by the United States ' (US) tariff spree.In a May 5 report, DBS Group Research chief economist Taimur Baig and senior...
ILOILO CITY – The Philippine Statistics Authority said this city had the fastest growing economy in Western Visayas region last year. BUILDINGS at Iloilo Business Park in Iloilo City. (Tara Yap)The Gross Domestic Product (GDP) of Iloilo City for 2023 was valued at P160.28...
Following the lower-than-expected gross domestic product (GDP) growth of 5.2 percent in the third quarter, Citi Research expects that stronger domestic demand will prompt a shift to six percent growth for the last three months.Citi Philippines economist Nalin Chutchotitham has revised her full-year...
Following the lower-than-expected third-quarter growth, the Department of Budget and Management (DBM) said it will prioritize agriculture and climate action to foster stronger economic growth in the year’s final three months.“We will reinforce our prioritization of agriculture and climate action...
The National Economic and Development Authority (NEDA) remains confident that the government can still achieve its full-year growth target despite a slowdown in gross domestic product (GDP) growth in the third quarter of 2024.In a briefing on Thursday, Nov. 7, the Philippine Statistics Authority...
By DERCO ROSALWhile the majority of expectations nod to an uptick in October inflation, economists surveyed by Manila Bulletin hold mixed forecasts for the Philippines’ third-quarter 2024 economic performance, noting both growth opportunities and possible risks ahead.Following the four-year low...
President Marcos' economic team plans to reassess the country's macroeconomic assumptions following a significant slowdown in consumer prices, the Department of Budget and Management (DBM) said.Budget Secretary Amenah F. Pangandaman said that the economic managers might consider revising the 2024...
